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Stephen W. Seifert <br /> January 13, 1993 <br /> Page 10 <br /> period of several months, rather than request authorization on an <br /> item-by-item basis. Having consulted with Resources management <br /> and Steve Seifert, the following is Resources' first request: <br /> Dredging of ponds: $18, 830 (see enclosed memorandum of <br /> Diane Delaney entitled "Pond Cleaning Costs" ) . <br /> Repair of equipment needed for reclamation use in the <br /> Spring: $31,224 (see enclosed memorandum of Diane <br /> Delaney entitled "Equipment Repairs" ) . <br /> Portal sealing work in the Spring: $50,000 (see my <br /> letter of October 5 addressed to Cheryl Toma, Steve <br /> Seifert, and Frank Johnson, which estimated the cost of <br /> portal sealing at $150,000; the above request would <br /> permit work to begin but would not complete the entire <br /> project) . <br /> Legal fees, Debtor's bankruptcy counsel: nothing at <br /> this time (my firm holds a retainer with a present <br /> balance of $14,686. I am authorized for now to draw <br /> 70% of my monthly fees on an interim basis. My fees <br /> for December are approximately $3,000, and at that rate <br /> my current retainer is sufficient for the next few <br /> months. At a later time, I will require cash <br /> collateral authorization to permit the payment of <br /> approximately $30,000 of fees which have accrued under <br /> the Court's holdback procedure, and to replenish the <br /> retainer for payment of interim fees) . <br /> Legal fees, Committee: $30 , 000 (to cover accrued fees <br /> of approximately $15,000 and to provide a retainer of <br /> $15,000 which was authorized by Judge Clark many months <br /> ago) . <br /> Appraisal fees: $8,500 (to cover MAI appraisals of the <br /> fabrication shop, industrial park, unit train loadout <br /> tract, and coke oven parcel) . <br /> Cost of subdividing Carbondale Industrial Park: <br /> $15, 000. <br /> Operational expenses, including contract labor and <br /> general & administrative: $75 , 000 ( see enclosed <br /> breakdown prepared by Lou LaGiglia, entitled "Estimated <br />